EUR/GBP consolidates recent gains despite printing mild gains on the D1. Corrective recovery can extend amid normal RSI conditions but lower high formation test bulls. EUR/GBP wavers around 0.9000 ahead of Monday’s European session. In doing so, the quote eases from the intraday high of 0.9013 but keeps U-turn from 200-day SMA. Considering the absence of overbought RSI conditions, coupled with the previous bounce off the key SMA, EUR/GBP is up for a fresh run-up targeting the 0.9100 threshold. Though, lower high formation so far in the current month could challenge the buyers ahead of the 0.9200 round-figure. It should, however, be noted that a sustained trading past-0.9200 enables the bulls to refresh the monthly top near 0.9230. Alternatively, a downside break of 200-day, currently around 0.8983, offers the key support, for now, a break of which can direct EUR/GBP sellers toward the monthly low around 0.8930. During the quote’s further weakness past-0.8930, the 0.8900 mark and November’s bottom near 0.8860 will be the key to watch. EUR/GBP daily chart Trend: Further recovery expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD climbs to one-week tops, further beyond 0.7600 mark FX Street 2 years EUR/GBP consolidates recent gains despite printing mild gains on the D1. Corrective recovery can extend amid normal RSI conditions but lower high formation test bulls. EUR/GBP wavers around 0.9000 ahead of Monday’s European session. In doing so, the quote eases from the intraday high of 0.9013 but keeps U-turn from 200-day SMA. Considering the absence of overbought RSI conditions, coupled with the previous bounce off the key SMA, EUR/GBP is up for a fresh run-up targeting the 0.9100 threshold. Though, lower high formation so far in the current month could challenge the buyers ahead of the 0.9200 round-figure. It should,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
